John Wiley & Sons, Inc. Stock Forecast
John Wiley & Sons, Inc. stock price up 0.439% on Wednesday
(Updated on May 08, 2024)
The John Wiley & Sons, Inc. stock price gained 0.439% on the last trading day (Wednesday, 8th May 2024), rising from $38.70 to $38.87. During the last trading day the stock fluctuated 2.58% from a day low at $38.04 to a day high of $39.02. The price has risen in 6 of the last 10 days and is up by 1.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 135 thousand more shares were traded than the day before. In total, 386 thousand shares were bought and sold for approximately $15.02 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.15% during the next 3 months and, with a 90% probability hold a price between $43.26 and $48.31 at the end of this 3-month period.
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WLY Signals & Forecast
The John Wiley & Sons, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $38.29 and $37.92. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.84%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for John Wiley & Sons, Inc. stock
John Wiley & Sons, Inc. finds support from accumulated volume at $37.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.98 (2.58%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: $37.42 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (WLY) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect John Wiley & Sons, Inc. to open at $38.64, and during the day (based on 14 day Average True Range), to move between $37.96 and $39.78, which gives a possible trading interval of +/-$0.91 (+/-2.33%) up or down from last closing price. If John Wiley & Sons, Inc. takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.07 (0.51%) than the support at $37.34 (3.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is John Wiley & Sons, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for John Wiley & Sons, Inc. stock to perform well in the short-term.
Current score: 3.345 Buy Candidate Unchanged
Predicted Opening Price for John Wiley & Sons, Inc. of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$38.64 ( 0.583%) | $38.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.62 | 1.94 % | |
R2 | 39.25 | 0.97 % | ||
R1 | 39.02 | 0.380 % | ||
Current price: | 38.87 | |||
Support | S1 | 38.27 | -1.55 % | |
S2 | 38.04 | -2.14 % | ||
S3 | 37.66 | -3.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.60 | 1.88 % | |
R2 | 39.15 | 0.720 % | ||
R1 | 39.07 | 0.515 % | ||
Current price | 38.87 | |||
Support | S1 | 37.34 | -3.94% | |
S2 | 37.31 | -4.01% | ||
S3 | 36.98 | -4.86% |
WLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Apr 08, 2024 | Apr 25, 2024 | $0.350 | 0.92% |
2 | Dec 14, 2023 | Dec 26, 2023 | Jan 11, 2024 | $0.350 | 1.10% |
3 | Oct 09, 2023 | Oct 09, 2023 | Oct 25, 2023 | $0.350 | 1.15% |
4 | Sep 28, 2023 | Oct 06, 2023 | Oct 25, 2023 | $0.350 | 1.15% |
5 | Jun 26, 2023 | Jul 05, 2023 | Jul 20, 2023 | $0.350 | 1.03% |
FAQ
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